Thai government pension fund picks Citi

Citi global transaction services will provide Thailand's government pension fund with all of its payment needs under the terms of a new mandate from the fund, further confirming the bank's claim that its public sector cash management business is picking up.

When fully implemented, Citi will combine a myriad of its treasury offerings, including Paylink, automated clearing house, money order and real-time gross settlement capabilities, to handle payments between the $10.3 billion fund and its members and other government...